Regentatlantic Capital LLC cut its stake in The Charles Schwab Corporation (NYSE:SCHW) by 18.2% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 18,096 shares of the financial services provider’s stock after selling 4,029 shares during the period. Regentatlantic Capital LLC’s holdings in The Charles Schwab Corporation were worth $777,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. WealthTrust Arizona LLC boosted its position in The Charles Schwab Corporation by 1.2% in the second quarter. WealthTrust Arizona LLC now owns 2,466 shares of the financial services provider’s stock valued at $106,000 after buying an additional 29 shares during the last quarter. Pinnacle Bank purchased a new position in shares of The Charles Schwab Corporation during the first quarter valued at $119,000. First Bank & Trust boosted its position in shares of The Charles Schwab Corporation by 3.6% in the first quarter. First Bank & Trust now owns 3,125 shares of the financial services provider’s stock valued at $128,000 after buying an additional 109 shares in the last quarter. YorkBridge Wealth Partners LLC boosted its position in shares of The Charles Schwab Corporation by 9.6% in the first quarter. YorkBridge Wealth Partners LLC now owns 3,267 shares of the financial services provider’s stock valued at $131,000 after buying an additional 287 shares in the last quarter. Finally, Quadrant Capital Group LLC boosted its position in shares of The Charles Schwab Corporation by 6.4% in the first quarter. Quadrant Capital Group LLC now owns 3,449 shares of the financial services provider’s stock valued at $133,000 after buying an additional 207 shares in the last quarter. 79.25% of the stock is owned by institutional investors.

The Charles Schwab Corporation (NYSE SCHW) traded up 0.54% during trading on Friday, hitting $43.11. The company had a trading volume of 4,507,607 shares. The company has a market capitalization of $57.68 billion, a price-to-earnings ratio of 28.93 and a beta of 1.63. The Charles Schwab Corporation has a 12-month low of $27.87 and a 12-month high of $44.10. The firm has a 50-day moving average of $42.64 and a 200 day moving average of $40.97.

The Charles Schwab Corporation (NYSE:SCHW) last announced its quarterly earnings data on Tuesday, July 18th. The financial services provider reported $0.39 EPS for the quarter, hitting analysts’ consensus estimates of $0.39. The Charles Schwab Corporation had a return on equity of 15.69% and a net margin of 26.73%. The business had revenue of $2.13 billion during the quarter, compared to analysts’ expectations of $2.13 billion. During the same period in the previous year, the firm earned $0.30 earnings per share. The firm’s quarterly revenue was up 16.5% compared to the same quarter last year. On average, equities research analysts forecast that The Charles Schwab Corporation will post $1.61 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 25th. Investors of record on Friday, August 11th will be paid a dividend of $0.08 per share. The ex-dividend date is Wednesday, August 9th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.74%. The Charles Schwab Corporation’s dividend payout ratio (DPR) is presently 21.48%.

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SCHW has been the subject of several research reports. Nomura reaffirmed a “buy” rating and set a $46.00 target price on shares of The Charles Schwab Corporation in a research note on Tuesday, April 11th. Keefe, Bruyette & Woods set a $44.00 target price on The Charles Schwab Corporation and gave the company a “buy” rating in a research note on Monday, April 10th. BidaskClub raised The Charles Schwab Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, June 13th. Jefferies Group LLC reaffirmed a “buy” rating and set a $48.00 target price on shares of The Charles Schwab Corporation in a research note on Wednesday, May 31st. Finally, Deutsche Bank AG reaffirmed a “buy” rating and set a $45.00 target price (up previously from $44.00) on shares of The Charles Schwab Corporation in a research note on Monday, May 15th. Eight analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $44.00.

In other The Charles Schwab Corporation news, Chairman Charles R. Schwab sold 290,000 shares of the business’s stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $43.27, for a total value of $12,548,300.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Terri R. Kallsen sold 2,000 shares of the business’s stock in a transaction dated Wednesday, August 2nd. The shares were sold at an average price of $43.07, for a total value of $86,140.00. Following the completion of the transaction, the executive vice president now directly owns 5,212 shares of the company’s stock, valued at $224,480.84. The disclosure for this sale can be found here. Over the last three months, insiders sold 893,913 shares of company stock valued at $38,402,586. Insiders own 12.00% of the company’s stock.

About The Charles Schwab Corporation

The Charles Schwab Corporation (CSC) is a savings and loan holding company. The Company, through its subsidiaries, engages in wealth management, securities brokerage, banking, money management and financial advisory services. The Company provides financial services to individuals and institutional clients through two segments: Investor Services and Advisor Services.

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Institutional Ownership by Quarter for The Charles Schwab Corporation (NYSE:SCHW)

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